Churchill Capital Corp. XIII’s Quiet Period Set To Expire Tomorrow (NASDAQ:XIIIU)

Churchill Capital Corp. XIII’s (NASDAQ:XIIIU) quiet period is set to expire on Wednesday, September 9th. Churchill Capital Corp. XIII had issued 36,000,000 shares in its IPO on July 31st. The total size of the offering was $360,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Churchill Capital Corp. XIII to a “hold” rating in a research report on Saturday, August 15th.

Churchill Capital Corp. XIII Trading Up 0.3%

NASDAQ XIIIU opened at $10.56 on Tuesday. Churchill Capital Corp. XIII has a one year low of $10.30 and a one year high of $11.34.

About Churchill Capital Corp. XIII

Churchill Capital Corp. XIII is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more private companies. The company does not operate a conventional business or offer products and services to customers; its primary purpose is to raise capital through a public offering and use those funds, together with other financing, to acquire or merge with a target business.

Like other SPACs, Churchill Capital Corp. XIII may pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar transaction.